Luxfer Holdings PLC (NYSE:LXFR) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its holdings in Luxfer Holdings PLC (NYSE:LXFR) by 43.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 139,862 shares of the industrial products company’s stock after selling 108,817 shares during the quarter. Russell Investments Group Ltd. owned about 0.51% of Luxfer worth $2,364,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Nantahala Capital Management LLC increased its position in Luxfer by 4.9% in the 4th quarter. Nantahala Capital Management LLC now owns 2,452,319 shares of the industrial products company’s stock valued at $33,646,000 after acquiring an additional 114,714 shares during the period. Keeley Teton Advisors LLC acquired a new stake in Luxfer during the 4th quarter worth approximately $148,000. Artisan Partners Limited Partnership lifted its position in Luxfer by 14.8% during the 4th quarter. Artisan Partners Limited Partnership now owns 81,290 shares of the industrial products company’s stock worth $1,115,000 after acquiring an additional 10,459 shares during the period. First Eagle Investment Management LLC lifted its position in Luxfer by 75.4% during the 4th quarter. First Eagle Investment Management LLC now owns 138,595 shares of the industrial products company’s stock worth $1,902,000 after acquiring an additional 59,600 shares during the period. Finally, New York State Common Retirement Fund lifted its position in Luxfer by 9.8% during the 4th quarter. New York State Common Retirement Fund now owns 169,562 shares of the industrial products company’s stock worth $2,326,000 after acquiring an additional 15,070 shares during the period. 95.49% of the stock is owned by hedge funds and other institutional investors.

Luxfer Stock Down 0.3 %

Shares of NYSE LXFR opened at $11.60 on Friday. The stock has a market capitalization of $312.27 million, a price-to-earnings ratio of 21.09 and a beta of 0.92. Luxfer Holdings PLC has a 52 week low of $11.27 and a 52 week high of $17.83. The firm has a 50-day moving average price of $13.30 and a 200 day moving average price of $14.88. The company has a quick ratio of 1.13, a current ratio of 2.65 and a debt-to-equity ratio of 0.43.

Luxfer (NYSE:LXFR) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The company had revenue of $110.40 million during the quarter, compared to analysts’ expectations of $111.00 million. Luxfer had a net margin of 3.55% and a return on equity of 13.60%. Equities research analysts anticipate that Luxfer Holdings PLC will post 0.87 EPS for the current fiscal year.

Luxfer Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Friday, July 14th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 4.48%. The ex-dividend date was Thursday, July 13th. Luxfer’s dividend payout ratio (DPR) is 94.55%.

Analyst Ratings Changes

A number of research firms have weighed in on LXFR. TheStreet cut Luxfer from a “b-” rating to a “c+” rating in a research report on Friday, July 21st. StockNews.com began coverage on Luxfer in a research report on Thursday, August 17th. They set a “hold” rating on the stock.

Luxfer Profile

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and emergency response, healthcare, transportation, and general industrial end-market applications. It operates in two segments, Elektron and Gas Cylinders.